ProLogis leases facility to Kuehne+Nagel in Romania
ProLogis has pre-leased 115,000 sq.ft of industrial space at a new industrial park in Romania - ProLogis Park Bucharest A1 - to Kuehne+Nagel.
ProLogis is developing the park along Bucharest's A1 motorway, the country's primary transit corridor. The facility is scheduled for completion in the first half of 2007.
According to Muler Onofrei, market officer for ProLogis in Romania, the supply of modern distribution space in Bucharest remains constrained. Demand, meanwhile, is expected to increase due to strong GDP growth, increased levels of domestic consumption and the country's recent entry into the EU.
ProLogis Park Bucharest A1 is being developed less than fourteen miles from downtown Bucharest, Romania's primary industrial centre. Two distribution centres are currently under construction at the park totalling 577,900 sq.ft. The park can accommodate twelve facilities and more than 3.4 million sq.ft of distribution space at full build-out.
ProLogis is developing the park along Bucharest's A1 motorway, the country's primary transit corridor. The facility is scheduled for completion in the first half of 2007.
According to Muler Onofrei, market officer for ProLogis in Romania, the supply of modern distribution space in Bucharest remains constrained. Demand, meanwhile, is expected to increase due to strong GDP growth, increased levels of domestic consumption and the country's recent entry into the EU.
ProLogis Park Bucharest A1 is being developed less than fourteen miles from downtown Bucharest, Romania's primary industrial centre. Two distribution centres are currently under construction at the park totalling 577,900 sq.ft. The park can accommodate twelve facilities and more than 3.4 million sq.ft of distribution space at full build-out.